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iris [78.8K]
3 years ago
5

Marginal benefit is the * 1 point a) increase in net benefit that a person receives from consuming another unit of a good. b) ad

ditional efficiency from producing another unit of a good. c) increase in profit from producing another unit of a good. d) change in total benefit that occurs when a person consumes another unit of the good. e) total benefit from consuming all the units of the good or service.
Business
1 answer:
Svetlanka [38]3 years ago
5 0

Answer:

d) change in total benefit that occurs when a person consumes another unit of the good.

Explanation:

Marginal cost can be defined as the additional or extra cost that is being incurred by a company as a result of the production of an additional unit of a product or service.

Generally, marginal cost can be calculated by dividing the change in production costs by the change in level of output or quantity.

Utility can be defined as any satisfaction or benefits a customer derives from the use of a product or service.

This ultimately implies that, any satisfaction or benefits a customer derives from the use of a product or service is generally referred to as a utility.

Furthermore, the marginal utility of goods and services is the additional satisfaction that a consumer derives from consuming or buying an additional unit of a good or service.

Marginal benefit can be defined as the highest amount of money (in dollars) that a consumer (buyer) is willing to pay to a seller in order to acquire an additional unit of a product i.e one more unit of the product.

Hence, marginal benefit would be described as the change in total benefit that occurs when a person consumes another unit of the good.

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False.

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The margin of safety is the amount that sales can drop before the company incurs a loss.
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a.true

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read the question aloud and it will make sense.

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As a result of a major hurricane, James' property experienced heavy flooding. His home was in a specialized flood hazard area. W
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National Flood Insurance will allow James to recoup part of his losses.

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7 0
2 years ago
According to the market theory of wage determination, under what circumstances will wages for a particular group be highest?
Dmitry_Shevchenko [17]

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Hope this helps :))

4 0
3 years ago
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Ireland Corporation obtained a $40,000 note receivable from a customer on June 30, 2011. The note, along with interest at 6%, is
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Answer:

$39,220

Explanation:

The maturity value of the note receivable on June 30, 2012

= Principal + Interest

= $40,000 + $40,000 x 6%

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3 years ago
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